A Norwegian government regulator said Friday it confirmed an oil discovery was made in untested waters in the central part of the North Sea. The Norwegian Petroleum Directorate, the nation’s energy regulator, confirmed a discovery was made by Equinor in a wildcat well, one drilled in an area not previously known to contain oil or natural gas. The objective of the well was to determine the available of commercial oil volumes. By NPD estimates, the discovery holds between 15 million and 35 million barrels of recoverable oil. “The licenses consider the main segment to be commercial,” a statement from the NPD read. “Other segments will be evaluated, and further delineation of the oil discovery is relevant.” If Norway were a […]